Schrodinger (NASDAQ:SDGR) Stock Rating Upgraded by Wall Street Zen

Schrodinger (NASDAQ:SDGR) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other equities analysts have also recently issued reports on SDGR. KeyCorp dropped their price objective on shares of Schrodinger from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Thursday, January 8th. UBS Group started coverage on shares of Schrodinger in a research note on Wednesday, January 7th. They set a “neutral” rating and a $18.00 price target on the stock. Bank of America upgraded shares of Schrodinger from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, December 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Schrodinger in a report on Friday, January 9th. Finally, TD Cowen reissued a “buy” rating on shares of Schrodinger in a research note on Thursday, January 8th. Five equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Schrodinger currently has an average rating of “Hold” and a consensus price target of $24.33.

Schrodinger Stock Down 2.4%

Shares of SDGR stock opened at $13.97 on Friday. The stock’s 50-day moving average price is $17.50 and its 200 day moving average price is $19.02. The stock has a market capitalization of $1.03 billion, a PE ratio of -5.80 and a beta of 1.54. Schrodinger has a 52-week low of $13.44 and a 52-week high of $28.47.

Schrodinger (NASDAQ:SDGR) last posted its quarterly earnings data on Wednesday, November 5th. The company reported ($0.45) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.72) by $0.27. The company had revenue of $54.32 million during the quarter, compared to analysts’ expectations of $50.51 million. Schrodinger had a negative return on equity of 48.24% and a negative net margin of 68.49%.The firm’s revenue for the quarter was up 53.9% on a year-over-year basis. During the same period last year, the firm earned ($0.87) EPS. Analysts expect that Schrodinger will post -2.37 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Schrodinger

A number of hedge funds and other institutional investors have recently modified their holdings of SDGR. Amalgamated Bank boosted its stake in shares of Schrodinger by 3.9% during the 3rd quarter. Amalgamated Bank now owns 16,411 shares of the company’s stock worth $329,000 after acquiring an additional 623 shares in the last quarter. Verity Asset Management Inc. increased its stake in Schrodinger by 1.2% in the 4th quarter. Verity Asset Management Inc. now owns 65,722 shares of the company’s stock valued at $1,175,000 after purchasing an additional 798 shares in the last quarter. Bank of Montreal Can raised its holdings in Schrodinger by 5.8% during the second quarter. Bank of Montreal Can now owns 15,941 shares of the company’s stock worth $321,000 after purchasing an additional 879 shares during the last quarter. Stephens Inc. AR boosted its position in Schrodinger by 9.5% during the third quarter. Stephens Inc. AR now owns 10,894 shares of the company’s stock worth $219,000 after purchasing an additional 944 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Schrodinger by 347.4% during the second quarter. Farther Finance Advisors LLC now owns 1,284 shares of the company’s stock worth $26,000 after purchasing an additional 997 shares in the last quarter. 79.05% of the stock is currently owned by institutional investors and hedge funds.

About Schrodinger

Schrödinger, Inc is a life sciences and materials discovery company that specializes in the application of physics-based computational platforms to accelerate drug discovery and advanced materials design. Founded in 1990 by Professor Richard A. Friesner, Schrödinger has developed a suite of proprietary software tools—such as Maestro for molecular modeling, Glide for molecular docking and Jaguar for quantum chemistry calculations—that enable scientists to predict molecular behavior with high accuracy.